New wholesale chief for FSA

The UK Financial Services Authority has appointed Sally Dewar as its new managing director of wholesale. Dewar succeeds Hector Sants, who became chief executive of the regulator in July last year. Currently director of markets at the FSA, Dewar will also join the FSA board.

Dewar will have responsibility for all regulated markets and the related infrastructure including clearing and settlement; UK listing rules; and regulation of firms that conduct wholesale or institutional business between

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